Student payment plan to be administered internally

By Tim George
Finance Communications

Beginning in the fall, U-M's payment plan option, which allows students and their families to spread tuition, residence hall, and other costs across several months, will be administered internally by the Student Financial Services Department.

The university has offered a payment plan option for more than 20 years, but it always has been administered by an external vendor. Under the new system, students will be able to see both their payment plan activity and bills in a single, integrated tool that's accessible through Wolverine Access.

In addition, the new system will provide students with access to budgeting tools to help determine actual costs and also allow the Student Financial Services Department to provide better customer service.